Log In/Sign Up
Your email has been sent.
630 S Florida Grove Rd, Perth Amboy, NJ 08861 630 Florida Grove Rd 5 Unit Apartment Building $1,150,000 ($230,000/Unit) 6.80% Cap Rate Perth Amboy, NJ 08861
Investment Highlights
- Corner lot
Executive Summary
Prime mixed use opportunity on a highly visible corner lot totaling 10,454 sq ft. This unique property features two separate buildings offering both commercial and residential income potential. All utilities are separate, making this an efficient and attractive investment. The front building includes a retail space operating as a flower shop (Vollmann's Florist & Greenhouses) complete with an attached greenhouse, ideal for continued retail use or conversion to suit a variety of business types. This commercial unit will be delivered vacant, providing immediate flexibility for an owner user or investor. The first building also includes two studio apartments. The second building on the lot consists of two studio apartments and is complemented by a private driveway with parking for two vehicles. The expansive corner lot presents strong upside potential for future development, expansion, or reconfiguration (buyer to perform due diligence). Ideal for investors or owner operators seeking a versatile asset with multiple income streams.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,240
|
$10.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,240
|
$10.07
|
| Taxes |
$13,800
|
$1.32
|
| Operating Expenses |
$13,000
|
$1.24
|
| Total Expenses |
$26,800
|
$2.56
|
| Net Operating Income |
$78,440
|
$7.50
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $105,240 |
| Annual Per SF | $10.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $105,240 |
| Annual Per SF | $10.07 |
| Taxes | |
|---|---|
| Annual | $13,800 |
| Annual Per SF | $1.32 |
| Operating Expenses | |
|---|---|
| Annual | $13,000 |
| Annual Per SF | $1.24 |
| Total Expenses | |
|---|---|
| Annual | $26,800 |
| Annual Per SF | $2.56 |
| Net Operating Income | |
|---|---|
| Annual | $78,440 |
| Annual Per SF | $7.50 |
Property Facts
| Price | $1,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $230,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 6.80% | Building Size | 10,454 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1950 |
| Zoning | R-60 - Residental | ||
| Price | $1,150,000 |
| Price Per Unit | $230,000 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 10,454 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | R-60 - Residental |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1406 | $1,265 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 16-00299-0000-00025 | Total Assessment | $420,200 |
| Land Assessment | $178,600 | Annual Taxes | $13,800 ($1.32/SF) |
| Improvements Assessment | $241,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
16-00299-0000-00025
Land Assessment
$178,600
Improvements Assessment
$241,600
Total Assessment
$420,200
Annual Taxes
$13,800 ($1.32/SF)
Tax Year
2025
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
630 S Florida Grove Rd, Perth Amboy, NJ 08861 | 630 Florida Grove Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.